Ford offers six-month payment holiday for new customers

Anyone buying a new Ford on finance in April or May won’t have to pay anything for six months; online Ford dealerships still open

Ford is offering a six-month payment holiday to all customers who purchase a new car or van on finance in April or May. The scheme is intended to support drivers who need a new vehicle, but are facing financial difficulty as a result of the ongoing coronavirus crisis.

The Peace of Mind scheme sees payments for the first three instalments covered by Ford, either in the form of “cashback” when the vehicle is collected, or a discount of the same value. The next three monthly instalments, which the customer does have to pay, will be deferred to start in the fourth paid month of the agreement.

The financial assistance from Ford Credit is available to customers who buy a car or van on a Ford Options PCP or Ford Acquire HP deal. Orders must be placed in either April or May, and the vehicles delivered by the end of the year.

Ford’s showrooms are currently closed in-line with Government guidelines, but customers can still make purchases online. In cases where a customer is a key worker, a first-time Motability user or a business involved with the response to the coronavirus crisis, Ford dealers can arrange a “mutually convenient and safe way to hand over the vehicle” as soon as possible.

Andy Barratt, managing director of Ford of Britain, said: “Ford wants to reassure customers that unprecedented times should not prevent them opting for a replacement new car or van.

“Customers are putting a new-found priority on reliable motoring from a trusted brand and our innovative ‘Peace of Mind’ programme helps achieve that.”

Do you think this a good idea? Let us know your thoughts in the comments below...

Recommended

Covid-19: what it means for motorists and the car industry
News

Covid-19: what it means for motorists and the car industry

Everything you need to know about how Covid-19 affects cars, motorists and the car industry in the UK
5 Jan 2021
Iconic Ford Escort Mk2 is reborn by specialist MST
Ford Escort Mk2 rally
News

Iconic Ford Escort Mk2 is reborn by specialist MST

£65,000 Ford Escort rally car recreation gives fast Ford fans a Singer of their own to aspire to
8 Jan 2021
Team Fordzilla P1 hypercar concept revealed as full-size model
Ford

Team Fordzilla P1 hypercar concept revealed as full-size model

Ford’s gamer-created virtual race car makes the move from digital to reality as static concept car
18 Dec 2020
Ford Mustang Mach-E GT Performance Edition revealed
Ford

Ford Mustang Mach-E GT Performance Edition revealed

Hottest iteration of Ford Mustang Mach-E will offer 480bhp and Tesla Model Y-matching performance when sales begin next year
1 Dec 2020

Most Popular

Electric Nissan e-NV200 Winter Camper concept revealed
Nissan e-NV200 Winter Camper concept
News

Electric Nissan e-NV200 Winter Camper concept revealed

All-electric campervan features a built-in kitchen, a folding bed and a power pack that can be recharged using a roof-mounted solar panel
21 Jan 2021
Updated Abarth 595 range launched with fresh interior
Abarth 595 2021 - main
Abarth 500

Updated Abarth 595 range launched with fresh interior

Subtle styling tweaks and a more emissions-friendly engine range for revised Abarth 595
22 Jan 2021
Best electric cars to buy 2021
Electric cars

Best electric cars to buy 2021

There are more electric cars than ever to choose from, so we've picked some of the best you can buy in the UK now
4 Jan 2021